- SHIB completes inverse head and shoulders with a programmed breakout target of $0.00003150.
- Burn rate jumped 1,900% as 2.1M SHIB removed, supporting bullish momentum and reduced supply.
- Fibonacci projection signals a 124% rise toward $0.00003184 by January 2026 if momentum holds.
Shiba Inu (SHIB) has completed an inverse head and shoulders pattern below the key zone on the weekly chart. This structure, often tracked for bullish reversals, indicates a programmed breakout with a defined target of $0.00003150. Market activity, technical measurements, and ecosystem developments continue to provide evidence of SHIB’s resilience and growth within the cryptocurrency sector.
Pattern Completion and Target Projection
According to analysis prepared by Daniel Ramsey, SHIB’s left shoulder formed in early 2025 when price rebounded from established support. The head appeared in mid-2025 with a deeper low marking the weakest point of the structure. The right shoulder developed later in the year, completing the full inverse head and shoulders formation.
The neckline aligned with horizontal resistance that stopped rallies several times in 2025. Weekly candlesticks showed stronger buying activity approaching this area. Ramsey noted, “Breakout is programmed with focus on the neckline zone,” with a projected target of $0.00003150.
Volume near the neckline expanded, strengthening the setup. Historical measurements from the head to the neckline supported the projection, and SHIB’s consistent reactions to horizontal levels confirmed technical accuracy.
Market Activity and Broader Developments
According to CoinGecko data, SHIB traded at $0.00001378 with a 3.0% daily decline and $308,528,145 in 24-hour trading volume. Market capitalization reached $8,116,313,390, while fully diluted valuation stood close at $8,119,826,284. Vespamatic observed SHIB near $0.00001411 with support at $0.00001146.
The chart projected a rise to $0.00003184, matching the 0.618 Fibonacci retracement level and pointing to a possible 124.18% increase by January 2026. Burn activity added further support. Shibburn reported more than 2.1 million SHIB removed from supply in one day, driving the burn rate over 1,900%.
Weekly burn numbers fluctuated, but the overall trend maintained supply reduction. Global crypto market capitalization increased 6.49% in the same week, reflecting retail and institutional participation. Combined with technical structure and active burn initiatives, SHIB remains aligned with its programmed breakout target of $0.00003150.
